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Heavies Trader / London

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Added:2022-10-12
Location: London
Salary:£79000 - £90000 per annum
Duration:Permanent
Apjid3
We are looking for a Heavies Trader for a permanent position based in London 
 

MAIN JOB FUNCTION
The job holder is responsible for and takes part in:
  • Trading of physical fuel oil and associated derivatives;
  • Managing price risk exposure on the trading book;
  • Building and maintaining strong relationships with trading counterparties;
  • Negotiating term and spot contracts with refiners, traders and end users;
  • Maintaining a deep understanding of the fuel oil market and energy markets in general;
  • Devising proprietary trading strategies, both on physical and derivatives;
  • Liaise with Refining and Marketing to optimise the supply of feedstock and the sale of products;
  • Liaise with Petrochemical to optimise the sale of products;
  • Liaise with Shipping for the chartering of shipping, on spot or term basis;
  • Provide analytical assessments to support trading decisions.
  • Coaching junior members of the team
                    
             
KEY RESPONSIBILITY AREAS
General Trading Responsibilities
  • negotiate and conclude market transactions on a spot/term basis within an agreed strategy to generate value for ETB;
  • locate and acquire optimal feedstock for Eni’s refining system;
  • locate and sell Eni’s refining and petrochemical system products to the best buyer;
  • be able to develop an asset backed trading strategy wherever Eni runs productions/assets
  • provide insight and support to the development of the long-term products trading strategy for ETB;
  • build and maintain key relationships with other trading companies, refiners, petrochemicals and end users;
  • develop and present analysis to management to support future trading positions;
  • track and communicate the developments in the market and relevant market intelligence, including supply and demand balances and competitor activities to other traders of the team;
  • support the origination team in developing long-term asset and contractual positions in line with the ETB long-term products trading strategy;
  • liaise with charterers in shipping and operations to ensure all physical movements are executed safely and efficiently;
  • guide and mentor the Trading Analysts dedicated to the oil products trading team
  • upon conclusion of any transaction, to enter all the details into the internal trading system in a timely and accurate way;
  • ensure all trading activity is always carried out in compliance with all relevant policies and regulations and principles of Eni;
 
 
CANDIDATE SPECIFICATIONS
  • preferred Educational Qualification is a Degree (with preference for numerate subject such as Engineering, Mathematics or Economics);
  • more than 4 years of experience in trading;
  • proven track record of delivery;
  • experience with derivative instruments for hedging;
  • knowledge of market fundamentals and market analysis;
  • experience of refining operations and processes considered as beneficial;
  • knowledge of IT standard software and software dedicated to the trading activities;
  • strong team player
  • courageous, confident, resilient, dynamic and disciplined;
  • experience in working in a global and international organization;
  • strong written and verbal communication skills and ability to build effective relationships internally and externally;
  • full command of English language (written & spoken); knowledge of any other language would be beneficial.
 
Please note due to the high number of applications only suitable candidates will be contacted 

Must have Right to Work in the UK


How to Apply









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